U.S. Bank Fund Services Tax Analyst I – Alternative Investments in Milwaukee, Wisconsin
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Job DescriptionDescription of Position: The Fund Administration practice of U.S. Bank Global Fund Services (USBGFS) provides value-added services to a robust and rapidly growing client base, which includes mutual funds, hedge funds, private equity funds, offshore funds and other investment companies.
In today’s complex, dynamic legal and regulatory environment, clients demand to be serviced by tax professionals who understand the industry, investments and client goals. USBGFS tax professionals are trusted advisors to clients and accounting firms to develop and implement innovative tax planning solutions that optimize tax strategies and positions, as well as identify and mitigate risk.
The Tax Analyst works as part of a diverse team that supports our clients as well as being invested in your career growth. As an integral part of the team, you are responsible for providing value-added services to investment companies and investment advisors. As part of our duties as trusted advisors, our team members work collaboratively internally with in the firm, our clients, mid-sized, regional, and Big 4 accounting firms. Through our in-house internal training program and mentorship, you will be supported in your role as you progress in your career here.
Key Responsibilities: Prepare FATCA/CRS informational returns and research requirements. Research tax technical and Financial Reporting guidance and requirements. Research and prepare foreign withholding tax refund requests. Prepare alternative investment taxable income calculations, including book-to-tax differences, dividend analysis, allocations to partners and provisions. Prepare IRS Forms 1099s, 1120, 1065 and Schedule K-1s along with any required state and local tax forms. Coordinate the distribution of necessary tax forms and supporting schedules to investors/partners. Set-up new partnerships and partners in the tax return preparation software. Calculate monthly, quarterly, semi-annual and / or annual federal, and if applicable, state estimated tax payments. Prepare estimates on a quarterly, semi-annual or yearly basis as requested by clients.
Qualifications: Preferred Skills/Experience Bachelor’s degree required. Accounting or Finance degree preferred. CPA certification or candidate a plus. General understanding of legal, regulatory and accounting principles in investment management industry a plus. Flexibility with work hours as required in supporting the clients’ needs. Demonstrates ethics and integrity, adhering to USBGFS’ core values and holds others accountable for upholding ethics and values. Is a team-oriented professional, interacting collaboratively with team members and others throughout the organization. Shows initiative, including eagerness to work on projects, with the ability to communicate with all people at all levels. Produces high-quality work that is accurate and thorough, with attention to detail. Demonstrates effective work habits and strong organizational skills by prioritizing and planning, with the ability to handle multiple tasks simultaneously and adapt to changing client priorities and regulatory requirements. Shows a commitment to learning through professional development and growth, continually expanding their knowledge base and expertise in their practice area. Strong working knowledge of Microsoft Excel
Diversity, Equity, and Inclusion:
Embracing diversity, championing equity and fostering inclusion are business imperatives for U.S. Bank, and a fundamental part of everything that makes us who we are: our brand, business, talent pool, communities and more. U.S. Bank has again been named to DiversityInc’s Top 50 Companies for Diversity list. The company ranked No. 18 (up from No. 40 last year) on the overall Top 50 List. We invite you to join us as we continue to focus our attention on diversity, equity and inclusion.
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Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
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U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.